Norwegian market News

Howden Acquires Norwegian Broker Arctic Insurance AS

Howden, the London-based insurance group, announced the acquisition of Arctic Insurance AS, a fast-growing Norwegian insurance broker. Financial details of the deal were not disclosed. This acquisition reflects Howden’s ambition to enhance its presence in the Nordic region, by investing …

Norwegian River Dam Partly Collapses After Floods

A dam on a Norwegian river partly collapsed after heavy rain on Wednesday, sending water gushing through a wide gap in the structure, and the prime minister said the country should be prepared for more floods in the coming days. …

Unidentified Drones Pose Risk of Accidents, Attacks at Oil & Gas Platforms: Norway Watchdog

Norway’s Petroleum Safety Authority (PSA) on Monday urged oil companies to be more vigilant over unidentified drones seen flying near Norwegian offshore oil and gas platforms, warning they could pose a risk of accidents or deliberate attacks. The warning came …

Norway Faces Hard Choices After Wind Turbines Ruled Threat to Reindeer Herder Rights

OSLO – Norway faces hard choices over the future of two major wind farms stripped of their licenses for jeopardizing the way of life of Sami reindeer herders, but it remains unclear whether they should be dismantled, the energy minister …

Howden Acquires Norwegian Broker Aneco Forsikringsmegling AS

Howden, the London-based international insurance broker, announced the acquisition of Oslo-based retail broker Aneco Forsikringsmegling AS. Howden said the acquisition affirms its position as one of the leading non-marine insurance brokers in Norway, providing clients with greater choice and a …

Arthur J. Gallagher & Co. Acquires Norway-Based Parisco AS

Arthur J. Gallagher & Co. announced the acquisition of Norway-based Parisco AS. Terms of the transaction were not disclosed. Founded in 2001, Parisco is a marine and energy broker, serving contractors, offshore service vessels, exploration and production, shipping, passenger vessels …

Deadly Landslide in Norway Will Cost Insurers at Least $107 Million

COPENHAGEN, Denmark (AP) – A landslide that swept away homes in a residential area north of the Norwegian capital will cost insurance companies at least 900 million kroner ($107 million), a financial body said Thursday. Seven people were killed and …